The shares of NB Plc were admitted to trading on the floor of The Nigerian Stock Exchange on 5th September, 1973. Currently, NB Plc is the second most capitalised company on The Nigerian Stock Exchange.
With about 112,848 shareholders as at 31st December 2016, the authorised share capital of NB Plc is N4billion, divided into 8 billion shares of 50kobo each.
The issued share capital as at 31st December, 2016 stood at N3,964,550,444 divided into 7,929,100,888 ordinary shares of 50 kobo each. Heineken N.V has a majority shareholding of approximately 55% while 45% is held by Nigerian and foreign individuals and associations.
The Directors are pleased to recommend to Shareholders at the forthcoming Annual General Meeting, the declaration of a total dividend of N28,386,181,179 (twenty eight billion, three hundred and eighty six million, one hundred and eighty one thousand, one hundred and seventy nine naira only), that is, N3.58 (three naira, fifty eight kobo) per ordinary share of fifty kobo each. The Company had earlier paid an interim dividend of N7,929,100,888 (seven billion, nine hundred and twenty-nine million, one hundred thousand, eight hundred and eighty-eight naira only) that is, N1.00 (one naira only). Thus, the final dividend will be N20,457,080,291 (twenty billion, four hundred and fifty seven million, eighty thousand and two hundred and ninety one naira only) that is, N2.58 (two naira fifty eight kobo) per share.
If the proposed final dividend is approved, it will be subject to deduction of withholding tax at the appropriate rate and the dividend will be payable on the 4th of May, 2017, to all Shareholders (“Qualifying Shareholders”) whose names appear on the Company’s Register of Members at the close of business on the 8th of March, 2017.
Further, the Directors are recommending to Shareholders for their approval at the same meeting, an option for Qualifying Shareholders to receive new ordinary shares in the Company instead of the final dividend, on terms and conditions as the Directors may determine based on prevailing market conditions.
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The audited results for the year ended 31st December, 2016 shows a Turnover of N313.7 billion, representing an increase of 6.7% over the corresponding period of 2015.
The audited results for the year ended 31st December, 2016 show a decline of 27.3% and 25.4% respectively in Profit Before Tax and Profit After Tax over the corresponding period of 2015.
The macro-economic environment in 2016 was challenging due to the impact of high inflation and scarcity of foreign exchange. Through our twin agenda of Cost Leadership and Market Leadership supported by Innovation, the Company was able to end the year with a positive result.